Question: Using the FASB Codification as your reference,describe the benefits and weaknesses of requiring estimates for bad debts. As part of your explanation, also discuss alternative

Using the FASB Codification as your reference,describe the benefits and weaknesses of requiring estimates for bad debts. As part of your explanation, also discuss alternative methods for accounting for bad debts. Are they appropriate? Why or why not? Is one preferred over the other?

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